Ann: June 2011 Quarterly Report and Appendix 5B , page-3

re: Ann: June 2011 Quarterly Report and Appen... The cash rec'd July for June sales has not been included in June report. I think they have just made mention of the fact to highlight the positive increase in cash receipts as a result of increased production. Your right to point that all looks positive. Not far off reporting operational profit from looking at those figures. Plenty of cash in the bank given the burn is decreasing as a result of receipts from sales. Looking forward to some results on the new leases.

Got to remember that production does not seem to include production from the 26 wells drilled of which they expect 24 to become successful oil producer. Now that is something to look forward to in the production report over the next six months. MAD is a very positive buy sentiment on my books.